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Finance for Urban Public Infrastructure

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  • R.M. Kirwan

    (Macquarie University, New South Wales)

Abstract

The financing of urban public infrastructure is becoming increasingly problematical in a world of high real interest rates and stringent fiscal constraints. In many countries public authorities are turning (or returning) to different ways of financing local needs. These include extensions of user-pricing and widespread reliance on earmarked taxes and up-front capital contributions by land developers, as well as joint capital participation with private interests. Issues of equity and legality are of increasing concern. While the earmarking of funds can improve efficiency, flexibility is reduced; and there are risks of intergenerational and horizontal inequity. But the need for innovative approaches to finance has one major advantage, that it is encouraging public authorities to demonstrate more clearly the nexus between the benefits that How from new infrastructure and the incidence of cost.

Suggested Citation

  • R.M. Kirwan, 1989. "Finance for Urban Public Infrastructure," Urban Studies, Urban Studies Journal Limited, vol. 26(3), pages 285-300, June.
    • Handle: RePEc:sae:urbstu:v:26:y:1989:i:3:p:285-300
    DOI: 10.1080/00420988920080301
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    References listed on IDEAS

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    1. George R. Zodrow & Peter M. Mieszkowski, 2019. "The New View of the Property Tax: A Reformulation," World Scientific Book Chapters, in: George R Zodrow (ed.), TAXATION IN THEORY AND PRACTICE Selected Essays of George R. Zodrow, chapter 14, pages 437-459, World Scientific Publishing Co. Pte. Ltd..
    2. C.D. Foster & S. Glaister, 1975. "The Anatomy of the Development Value Tax," Urban Studies, Urban Studies Journal Limited, vol. 12(2), pages 213-218, June.
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    Cited by:

    1. Adepoju G. Onibokun, 1990. "Poverty as a Constraint to Citizen Participation in Urban Redevelopment in Developing Countries: a Case Study," Urban Studies, Urban Studies Journal Limited, vol. 27(3), pages 371-384, June.
    2. Chris Maher, 1993. "Recent Trends in Australian Urban Development: Locational Change and the Policy Quandary," Urban Studies, Urban Studies Journal Limited, vol. 30(4-5), pages 797-825, May.
    3. Simon Marvin & Simon Guy, 1997. "Infrastructure Provision, Development Processes and the Co-production of Environmental Value," Urban Studies, Urban Studies Journal Limited, vol. 34(12), pages 2023-2036, December.
    4. Demetrio, Muñoz Gielen & Francisco, Blanc Clavero & Burcher, James Corbet & Juan Felipe, Pinilla, 2023. "The role of jurisprudence in public value capture in urban development: A comparative analysis from Dutch, English, Spanish and Colombian courts," Land Use Policy, Elsevier, vol. 127(C).
    5. Leon Taylor, 1991. "Deceptive Developers, Competitive Zoning Boards, And The Asymmetry Of Information," The Review of Regional Studies, Southern Regional Science Association, vol. 21(3), pages 261-275, Fall.
    6. Mohammad Mehdi Azizi, 2000. "The User-pays System in the Provision of Urban Infrastructure: Effectiveness and Equity Criteria," Urban Studies, Urban Studies Journal Limited, vol. 37(8), pages 1345-1357, July.
    7. Mohammad Mehdi Azizi, 1995. "The Provision of Urban Infrastructure in Iran: An Empirical Evaluation," Urban Studies, Urban Studies Journal Limited, vol. 32(3), pages 507-522, April.

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